- 10 TIPS TO AVOID TAX DEBT PROBLEMS
Tax arrears are part of a larger debt problem in the UK.
- Tax Shake-up to "hit low earners hardest"
Low-income earners will be the first to feel the crunch of changes to income tax and national insurance.
- £20m Tax credits blunder
The HM Revenue & Customs (HMRC) is about to refund up to a quarter of a million families who, due to an error, were forced to repay their tax credits.
- 1.7 million Need debt help
Households in the UK are increasingly falling prey to debt and are turning to the Citizens Advice for assistance.
- Can't pay Tax Debts?
This is not as uncommon as you would expect; many people fall into arrears every year. Your Statement of Account would normally reflect the discrepancy between what you owe, and what you have already paid.
- Council Tax Arrears Guide
Council tax bills are normally paid over 10 monthly installments. There are ways of making it easier on yourself if you find this is too difficult to commit to.
- Tips for negotiating tax arrears with HMRC
The collector will often want full settlement of the tax that you owe. You have the option of arranging to clear the debt over a longer period, if this is not possible. This can be done either by letter or by having a meeting.
- What is distraint?
The process whereby the Revenue may take possession of your goods and sell it at an auction is called Distraint.
- What You Should Do If You Can Not Pay Your Taxes
- Businesses that Have Indirect Tax Liabilities and Employers
If you have received a notice by HMRC that states you have tax liabilities, it is extremely important to contact HMRC or your local tax office immediately
- Filing a Late VAT Return
VAT (Value Added Tax) must be submitted in full to HMRC each and every month on time. Paying your VAT past due is not a good idea and routine offenders can suffer from extremely high and costly penalties. Following is important information regarding filing a late VAT return.
- Self assessment tax warning
People who ignore the September 30 self assessment deadline are being warned they could face serious financial problems according to a leading tax expert.
- Small Business Owners - Tax Debt Problems
Mark McLaughlin highlights some of the dangers for small business owners who do not keep up-to-date with their tax obligations.
